Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-1002. Legal relationship in use of safe deposit facilities

A. The relationship between the lessor and the lessee shall be that of landlord and tenant in the absence of a written contract to the contrary, notwithstanding that the lessor prescribes the hours of entry into its repositories, retains and requires the use of a preparation or guard key and in the case of vault storage reserves the right to change the space occupied by lessees' property or documents from time to time. The rights, duties, powers and privileges of the lessor in the transaction shall be that of landlord and for all purposes the lessee shall be deemed by law to be in possession of the repository and the contents thereof.

B. The lessor shall not be charged with knowledge of the contents of any repository. The lessor may limit its liability to the lessee by provisions contained in a lease, except that the lessor shall be liable for the acts of its officers and employees for failure to exercise ordinary care.